Ever dreamed of a private island getaway in the Maldives?

You may want to see overwater bungalows, white sand beaches, and turquoise waters as far as the eye can catch. It sounds like an ultra-luxurious vacation that’ll end up costing a small fortune.

In my experience though, a trip to a luxury private island in the Maldives doesn’t have to break the bank. Keep reading to find out how!

Choose the Right Island

Because of more than 100 private islands available, choosing the right one is critical to a good deal. Here are some factors to think about when picking an island:

• Lesser-Known Islands - The larger, more developed islands are certainly pricier. Choose a smaller, less touristy island for lower rates.
• Distance from The Capital - Islands near the capital city are typically more expensive. Look for ones farther away if you can pay less for transport.
• Fewer Amenities - Fancy spas or underwater nightclubs and Michelin star restaurants will make rates more expensive. Stick with the simpler islands; just the basics.
• Local chains - Instead of a Six Senses or St. Regis island for $2,000+ per night, go with a more moderate local chain like Meeru Island Resort.

Travel during Low Season

There are two main seasons in the Maldives that affect prices:

• High season (December - April) - The driest weather, most expensive rates.
• Low season (May - November) - Rainier weather but way better prices.

You will save up to 50% on accommodation when your vacation time falls within the low season. Just brace yourself for sporadic rain showers! Even in the wetter months, the temperatures are still quite pleasant.

Book a Full Board Meal Plan

Almost every single one of the islands that make up the Maldives lives on one of the uninhabited atolls (the islands themselves are not populated, just the resorts), which means you’re eating at your own resort for every single meal. Private island resorts usually include meal plans such as:

• Room only - No meals included
• Breakfast only - Breakfast included only
• Half board - Breakfast & Dinner
• F/B - Breakfast, lunch & dinner

Just think, you avoid paying for every individual meal if you sign up for a full board meal plan. It generally costs only an additional $100-150 per night for all-inclusive dining.

Considering how costly food is, it's a good deal!

Get a Group Rate

If you don’t mind essentially sharing your own private island to a small group, going with a bunch of friends can cut costs considerably.

Many islands will offer discounted group rates, allowing 4-6 adults to share a villa. And some islands have no single supplements at all, so traveling with just one other couple or family can still get you a deal.

The savings are shared, per villa rate - not per person. Just make sure to pick an island that has larger multi-bedroom villas to share. You cannot share a small honeymoon suite!

Avoid the Extras

Once you’re on the island there are many opportunities for the resort to nickel and dime you for add-on costs. Here are some suggestions to help you bullet-proof your bottom line:

• Reject the fancy private dinner on the beach - eat at the regular restaurant instead
• Forget about costly sunset champagne cruises.
• Skip the aviary shops selling pricey souvenirs.
• Do not purchase excursions through the hotel. Opt instead to book directly with local providers.
• Curb spa services that can run hundreds per treatment.
• Don't be tempted to upgrade your room to a water villa overwater bungalow.
• Use Credit Card Points

Perhaps the best way to save money on any kind of luxury adventure is by using credit card rewards points to offset the costs. If you use the right credit card travel hack, you can rack up hundreds of thousands of points to use for free nights in hotels.

Register for a travel rewards credit card more than 12 months before your Maldives journey. Use it to pay for all normal purchases to accumulate sign-up bonuses and points. Then use your points balance to book your island resort!

You Might Want to Consider an Island Hopping Itinerary

For the best value, don’t go to one private island and spend your entire vacation there. Island hop instead!

Book 2-3 nights on a couple or several islands to capitalize on short stay discounted rates. Some islands give nearly 50% off for certain 3-night stays vs. 7-night stays.

You can see more islands and save more money in the process by splitting up your time. We get to take Sea planes between islands for the flights!

Final Thoughts

A private island resort vacation in the Maldives doesn’t have to be crazy expensive. But use these money saving tips and have an island getaway without emptying your bank account. Heed this advice and you can make your tropical island dreams a reality on a budget!

FAQs

Have more questions about saving money on a private island vacation in the Maldives? Here are responses to some frequently asked questions:

What is the cheapest private island in the Maldives?

Some of the least expensive private island properties are:

• Agni Resort - From approximately $800/night
• Fun Island Resort - From $500/night
• Biyadhoo Island Resort - From ~$250/night

What is high season vs. low season in the Maldives?

The high season, from December through April, boasts the best weather but highest prices. The low season (May to November) is cheaper but rainy.

What is the cost of food per day on a private island?

On most private islands, food on average costs about $100 - $150 per person per day. Buying a full board meal plan reduces these expenses.

Are drinks included on private islands?

Most islands don’t include drinks in room rates unless you book all-inclusive. At the bar or with meals, expect to pay $5-15/drink.

Will I receive any discounts for a last minute booking?

No - Private islands in Maldives hardly ever have last minute deals. For optimal rates, you need to look and book ~4-6 months out.

Should I tip on private islands?

Yes, most private islands suggest tipping $5-10 per day for housekeeping staff and $1-2 per drink you order at the bar.